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20120930
20121008
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you, bob. i think michelle was right overall, it's a good report in the sense that we created over 100,000 jobs. unemployment has come down and earnings are going up. but we're being helped by part-time employment and the structural issues are still there. so overall, it's a good report, but the market is right to question how good it can be sustained. of course, there's all the issues between the household survey and the establishment survey. >> what do you think about all those issues? they've led to a lot of conspiracy theories. we say the jobs numbers, and i think the average american thinks there's one jobs number, right? there's job growth. we find out what that number is. that is what leads to the unemployment number. but they're completely disconnected. we really see that today. jack welsh says there's a problem with the voracity of these numbers. >> i think what we're seeing is just a reality from month to month. over time they tend to converge. in any one month, you do get differences. this month is one of them. >> are they open to manipulation? >> i don't buy the conspiracy
in washington today, bill. >> for sure. amon, thank you. i'll take it. bob has been all over this high-speed trading story from the get go. anything getting accomplished here, bob? >> yeah, there is. so this wasn't so much about high-frequency trading. it was really about dealing with all these technology problems. look what happened with night. they had a program that started. number one, the code was written wrong. that was the first problem. after it started running, they couldn't shut it down. so there was two problems. one was there was a software glitch, and they talked today about developing better practices for developing more consistent code. you need to write the code better. that's number one. they discussed that. number two, what about the program that started running and they couldn't shut it down? that's what the kill switch is about. so i think it's a very good idea to have a kill switch. you got to figure out under what circumstances you're going to use it, but believe it or not, that was a major problem. it ran 45 minutes in the case of night. nobody was able to shut i
private bank, ryan from bimo capital market and our own bob pisani. gentlemen, good to see you. thanks for joining us. nick, if in kt end it's all about earnings, will the markets have a problem given the fact what we're seeing looking at the revenue side of the equation? >> the rate of growth is clearly slowing both on the sales and the earnings front. it's also a game of expectations. for the third quarter the expectations, we've been joking around saying expectations are zero for the quarter since there are no expectations for growth. we think it's going it come in more 4%, 5%. we think the majority of companies are going to beat. the important thing here, we think the expectations for the fourth quarter are too high. while they're too high, we think a majority are going to lower fourth-quarter guidance after reporting. not by the same magnitude as what was last quarter. the cuts are going to come but not be as severe as last quarter. >> brian, what do you think? what are your expectations for earnings going into this quarter? >> they're going to be weak. that's already baked into t
investor confidence. with us today to talk about it is carol roth and bob. good to see you all. tobias, what do you think? are you hearing this is an issue? >> no, not even a word. we had the flash crash a few years ago. that sent a reverberation. >> and the night trading snafu a couple months ago. >> not to the same extent as the flash crash, obviously. >> do you not notice this is happening more frequently? >> certainly you can't miss that. for the average retail investor, it could be an issue. they kind of do a yikes moment and get over it. >> that's exactly the issue. the little guy feels like the game is rigged. when you have names like facebook and kraft, these are household names that they're paying attention to on a daily basis. when you see these things happen, that means there's less confidence from the retail investor. that's why we've seen a lot of money coming out of the market here. there's a by fur kags between the guys who are trading and the people investing. the little guy is looking at the investing, but he's getting caught up in the emotion. >> certainly doesn't hel
on wall street so far today. bob is in the middle of it all here at the new york stock exchange. >> hello, william. they're talking the bulls are out. they're talking about this being the best of all possible worlds for the next month or so going into the election. take a look at the full screen. romney doing well last night. got a lot of bulls very happy. some of them are saying it means clear sailing into election day. what about all the uncertainty in spain? draghi has been aggressive. did you see today at press conference he said he's ready to help spain today. the bears are also active. they're arguing the q-3 earnings are going to be down. they say president obama's victory, if that happens, will weigh on the markets. regardless, look at s&p 500. 1465 is what we need for a new four-year high. we're right on top of that. bulls are also pointing to the transports, again outperforming the industrials today. that's the third straight day of outperform after three months of underperformance. back it you. >> all right. thanks, bob. maria. >> well, we are back with our special coverage tod
Search Results 0 to 4 of about 5